BHP Group Limited (NYSE:BHP) Shares Sold by Optimist Retirement Group LLC

Optimist Retirement Group LLC cut its position in shares of BHP Group Limited (NYSE:BHP) by 62.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,523 shares of the mining company’s stock after selling 24,300 shares during the quarter. Optimist Retirement Group LLC’s holdings in BHP Group were worth $709,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of BHP. Eastern Bank acquired a new position in shares of BHP Group during the 3rd quarter worth $26,000. Sound Income Strategies LLC raised its position in BHP Group by 124.6% during the third quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock worth $33,000 after acquiring an additional 294 shares during the last quarter. Versant Capital Management Inc purchased a new stake in shares of BHP Group in the fourth quarter valued at about $40,000. Union Bancaire Privee UBP SA acquired a new stake in shares of BHP Group in the fourth quarter valued at approximately $46,000. Finally, Farmers & Merchants Investments Inc. purchased a new position in shares of BHP Group during the 3rd quarter worth approximately $50,000. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Stock Performance

Shares of NYSE BHP opened at $50.12 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. BHP Group Limited has a 1 year low of $48.06 and a 1 year high of $63.21. The firm’s 50 day moving average price is $50.18 and its 200 day moving average price is $53.45.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group lowered their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, January 6th. StockNews.com downgraded BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 31st. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, BHP Group has an average rating of “Moderate Buy” and a consensus price target of $53.00.

BHP Group Company Profile

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.